According to a recent report by Reports and Data, the global Phototherapy in Mood and Sleep Disorders Market was worth USD 389.5 Million in 2021 and is predicted to have a compound annual growth rate (CAGR) of 4.8% during the forecast period. LED-based treatments are driving revenue growth in the global Phototherapy in Mood and Sleep Disorders market share.
Phototherapy in Mood and Sleep Disorders is a treatment that uses light radiation to cure physical or mental ailments. Depending on the wavelength and therapeutic dose of the light, cells and tissues can respond differently.
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The use of LED-based Phototherapy in treating skin diseases is gaining popularity due to its ability to boost collagen production, resulting in the reduction of visible signs of aging such as wrinkles. Additionally, LED light therapy has proven effective in addressing various skin conditions like acne, dermatitis, eczema, psoriasis, rosacea, scarring, and sun damage. Furthermore, the antibacterial properties of LED light treatment make it a potent germ killer, preventing the accumulation of harmful bacteria in the skin's pores and oil glands that could lead to outbreaks.
The global Phototherapy in Mood and Sleep Disorders market is divided into five applications: skin diseases, mood and sleep disorders, malignancies and pre-cancers, newborn jaundice, and other illnesses. The skin diseases category accounted for the greatest revenue share in 2021 due to the increasing incidence of different skin disorders among individuals.
Vitiligo and eczema are two common skin conditions that can help drive the market sector's operation, and the increased usage of the treatment is expected to promote segment revenue growth in the near future.
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North America is predicted to have the largest market revenue share in 2021, according to regional analysis. North America is expected to have a significant market share due to its significant impact in determining the global Phototherapy in Mood and Sleep Disorders market size. The region's high demand for Phototherapy in Mood and Sleep Disorders products for skin treatment is the primary driver of market revenue growth. Additionally, technological advancements, availability of suitable infrastructure, and an increase in infant jaundice and skin disorders in the region are driving market revenue growth.
Little Sparrows Technologies' bili-hut was granted FDA clearance on November 16, 2021, for home-based Phototherapy in Mood and Sleep Disorders treatment for newborns with jaundice, reducing healthcare costs and keeping newborns and their families together throughout treatment. The equipment delivers high-intensity Phototherapy in Mood and Sleep Disorders on par with NICU-level treatments. It is portable, foldable, lightweight, and energy-efficient enough to run on batteries. The bili-hut can be used in hospitals, at home, or in a variety of settings, including rural and resource-limited areas, and can be easily cleaned with standard hospital sanitizing chemicals.
The market report features the profiles of several key players in the Phototherapy in Skin Diseases industry, such as General Electric Company, Signify Holding, Natus Medical Incorporated, Phoenix Medical System (P) Ltd, Herbert Waldmann GmbH Co. KG, Atom Medical Corp., The Daavlin Company, Little Sparrows Technologies, and nice Neotech Medical Systems Pvt. Ltd.
To provide a comprehensive analysis, Reports and Data has divided the global Phototherapy in Mood and Sleep Disorders market into segments based on Device Type Outlook, Application Outlook, Therapy Type Outlook, End-use Outlook, and Regional Outlook. The Device Type Outlook category includes CFL, LED, and Lamps, while the Therapy Type Outlook category encompasses Ultraviolet B, Broadband UVB, Narrowband UVB, and Psoralen Ultraviolet A. The Application Outlook category covers Skin Diseases, Mood and Sleep disorders, Cancers and Pre-cancers, Neonatal jaundice, and Other Diseases. The End-use Outlook category consists of Clinics, Hospitals, Dermatology Centers, and Homecare. Finally, the Regional Outlook category is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa.
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